Con­sent of buy­ers not needed

HT Estates - - FRONT PAGE -

Buy­ers ap­proval for changes not needed: The amended Act does away with the con­sent pro­vi­sion wherein per­mis­sion of the home­buy­ers was manda­tory to bring about any changes to the project. Changes can now be brought about by ob­tain­ing the per­mis­sion of the sanc­tion­ing au­thor­ity Flex­i­ble time­line: Un­der the amended Act, there is no con­trol or re­stric­tion over the time a builder will now take to com­plete the project and the num­ber of changes he can make. It does away with the 24-month project com­ple­tion time­line Al­lot­ment let­ter a must: The amended Act re­places the word ‘in­tend­ing pur­chaser’ with the word ‘al­lot­tee’. In place of the writ­ten agree­ment, it speaks of the al­lot­ment let­ter as be­ing enough to es­tab­lish the rights of the home­buyer. This, say ex­perts, is a pos­i­tive move as it will help nul­lify the de­lay in sign­ing the agree­ment to sale by de­vel­op­ers Par­tial com­ple­tion cer­tifi­cate al­lowed: The new Act al­lows a builder to di­vide a project into phases and re­ceive par­tial com­ple­tion for dif­fer­ent phases. A builder can sim­ply take par­tial com­ple­tion and a deed of dec­la­ra­tion to the ex­tent of that phase of the project and not the en­tire project Main­te­nance charges through pre-paid elec­tric me­ters: Un­der the amended Act, hous­ing so­ci­eties have now re­ceived le­gal sanc­tion to col­lect main­te­nance charges through the pre-paid elec­tric me­ters but there is no rider on the limit up to which these col­lec­tions can be made

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